I’m thinking low $11’s for value. The business isn’t doing well & that probably won’t change for a while so a lot more holders who got in on momentum will be looking to get out. I think it could drop 10% more, which would put it in value/yield territory where it belongs. It’s a great brand which deserves a premium but it’s still an high cap ex ag business. Echoes of costa.
TWE Price at posting:
$12.35 Sentiment: None Disclosure: Not Held
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